Download Recession Worksheet

Name _______________________
Recession Worksheet
On Jan. 21, 2008, stock prices tumbled around the world. Why was this ironic?
When did the last economic recession occur?
How is recession defined in the article?
What are the five trends that typically characterize a recession?
How long must this economic slow down last to be considered a true recession?
Explain the statement “production and consumption are intertwined>
How does the article define Market?
What is the ultimate goal of producers?
How is the value of goods and services determined?
The willingness of consumers to pay for products is known as ____________.
If demand for a product is high enough what happens to the price?
A situation in which the supply exceeds the nation's ability to consume ______ - _____________
One factor that generally plays a role in a recession, whether or not it is the cause, is the
_________________ _____________ of the millions of consumers and producers.